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$3,475,000
Est. payment /mo
26 Beds
25 Baths
12,050 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 12,050 sqft
Price per Sqft $288
MLS Listing ID 260018064
Bedrooms 26
Full Baths 25
Property Sub-Type Com-Res Income
Property Description
We are pleased to present the “Solara Apartments,” a 13-unitmultifamily community located in Fallbrook, CA. Located at725 Alturas Lane, the property offers investors the opportunity to acquire a well-positioned asset in a growing North San Diego County submarket known for its relative affordability and strong rental demand. Built in 1988, the property is comprised entirely of thirteen (13)two-bedroom/two-bathroom residences averaging approximately 927 square feet. Each unit has been extensively remodeled and features upgraded bathrooms, stainless steel appliances, and quartz kitchen countertops with black, grey, and white backsplash tile. The property amenities also include air conditioners, off-street parking, on-site laundry facilities, pet area, and a BBQ and shared patio area. Situated on a 0.57-acre lot, the property benefits from a low-density setting with a residential feel. Residents enjoy convenient access to local retail, schools, and employment centers, along with regional connectivity to Oceanside, Temecula, and greater San Diego County. With its desirable unit composition, strong in-place income, and favorable submarket fundamentals, the “Solara Apartments” represents a compelling opportunity to acquire a stable, income-producing asset with long-term upside potential.
Location
State CA
County San Diego
Area North County
Direction Property is fully occupied. Please contact listing agent: Austin Ray Huffman Austin.Huffman@marcusmillichap.com (858) 373-3122
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 1041005400
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Listed by Austin Huffman, DRE#01981817 Marcus & Millichap
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